First National Bank (FNB) is the oldest bank
in South Africa and provides a full range of consumer credit
products to their constantly growing customer base. FNB Private
Label is a growing provider and administrator of 3rd
party branded retail credit cards. As a specialist credit risk
technology partner, PIC Solutions has assisted FNB Private Label
with the successful upgrade of their Account Processing System
from the previous generation, Vision21, to the latest VisionPLUS®
release 8.17.
PIC Solutions is proud to have been
associated with this upgrade to what is considered the world's
leading account processing system. This upgrade was a
highly-complex 20-man-year project during which close on 2,000
system components were created or customised and more than 5,000
system components were migrated. In addition approximately 10
million data records were converted.
PIC Solutions
personnel, using their extensive experience of the VisionPLUS®
software and of previous VisionPLUS®
conversions, complemented the FNB project team to effect this
upgrade. In addition to completing the upgrade, the VisionPLUS®
8.17 solution has been implemented fully compliant with the new
National Credit Act (NCA) compliancy requirements.
Leon Bock, CEO of
the Private Label division, states, “We
have enjoyed a close working relationship with PIC Solutions for
a number of years and we are confident about the future
prospects for FNB Private Label now that the more powerful and
functionally enhanced VisionPLUS® 8.17 has
gone live.”
Mike Crawley,
Director of Professional Services at PIC Solutions, adds, “This
VisionPLUS® upgrade included high
level and detailed gap analyses as well as the complex task of
ensuring that the VisionPLUS®
8.17 base release software was customised, configured and
installed according to plan and specification. This
VisionPLUS® project, which was the first upgrade
in South Africa to include full NCA compliance, has successfully
gone live. A positive testament to all the teams involved in
this project.”
